Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Manufacturing continues to rise


Manufacturing continues to rise


10 June 2014


The total manufacturing sales volume rose for the third consecutive quarter, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total manufacturing sales rose 0.5 percent in the March 2014 quarter, led by rises in chemical and petroleum related industries.

"This quarter's rise occurred despite a relatively flat quarter for meat and dairy product manufacturing," business indicators manager Neil Kelly said.

Meat and dairy product manufacturing was up just 0.1 percent following a large rise in the December 2013 quarter.

"Rises in the chemical and petroleum industries more than offset falls in a number of the other industries," Mr Kelly said.

The sales volume for total manufacturing, excluding meat and dairy, was up 0.7 percent in the March 2014 quarter. While overall sales increased, sales for seven of the 12 manufacturing industries in this group fell.

The main industry movements were:
• chemical, polymer, and rubber product manufacturing, up 8.5 percent
• petroleum and coal product manufacturing, up 5.8 percent.

The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, is rising – following a low point in the June 2013 quarter.

In current prices, the total manufacturing sales value rose 0.6 percent ($155 million).

For more information about these statistics:

• Visit Economic Survey of Manufacturing: March 2014 quarter
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Oil: 2017 Block Offer Petroleum Tender Launched

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news